Overall U.S. individual life insurance activity fell in October, but the number of applications coming from people ages 61 and older increased, according to MIB Group.
The Braintree, Massachusetts-based life insurance underwriting organization says overall application flow was 5.2% lower last month than in October 2021.
But activity increased over year-earlier levels for people in the 61-70 age group and the 71-and-older age group.